Vice-President & Chief Compliance Officer – Independent Advisory Service

Vice-President & Chief Compliance Officer Independent Advisory Services

Location : This position will be based out of our Winnipeg or Toronto office.

Our organization :

Founded in 2017, Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Counsel Inc.

Wellington-Altus USA Inc., Wellington-Altus Insurance Inc., Wellington-Altus Group Solutions Inc., Wellington-Altus Asset Management Inc.

and Wellington-Altus Private Wealth Inc. the top-rated* wealth advisory company in Canada and one of Canada’s Best Managed Companies.

With more than $25 billion in assets under administration and offices across the country, Wellington-Altus identifies with successful, entrepreneurial advisors and portfolio managers and their high-net-worth clients.

Investment Executive 2023 Brokerage Report Card.

The opportunity :

Reporting to the Executive Vice-President, Digital Strategy & Compliance, WAFI, the Vice-President & Chief Compliance Officer Independent Advisory Service’s primary responsibility is to act as the Chief Compliance Officer (CCO) to the Company and will include any responsibilities imposed under applicable laws and the requirement of applicable securities regulatory authorities.

Key responsibilities include :

• Gaining the necessary education and certifications required to become registered in the role of CCO.
• Providing expert and strategic regulatory advice to management.
• Setting internal regulatory policies, procedures and controls.
• Evaluating and weighing the impact of decisions or actions on the Company from a regulatory perspective.
• Proactively identifying risks and potential regulatory issues.
• Ensuring identified regulatory risk management priorities are appropriately reflected in the Company’s business plan.
• Representing the Company with external parties, including securities regulatory authorities, self-regulatory organizations, and, if appropriate, clients.
• Staying apprised of regulatory changes and developments.
• Establishing and maintaining policies and procedures for assessing compliance by the Company and the individuals acting on its behalf, as set out in National Instrument 31-103.
• Monitoring and assessing compliance with applicable securities laws and the requirements of applicable self-regulatory organizations and reporting the results of their assessment to the board of directors of the Company at least annually.
• Reporting all material incidents of non-compliance with the Company’s requirements and applicable securities laws to the Company’s CRO and Ultimate Designated Person (UDP) as soon as possible after becoming aware of the matter, including any incidents of non-compliance that creates a reasonable risk of harm to clients, or where non-compliance is part of a pattern of non-compliance.
• For this purpose, the Employee is entitled to have direct access to the UDP and the board of directors of the Company, as needed, to report significant issues as they arise; and
• Providing the board of directors of the Company with reasonable assurance that all standards and requirements of applicable securities laws and regulations, and the Company’s requirements, are met, including the preparation of the annual report to the board of directors which identifies and discusses material findings and deficiencies identified by securities regulatory authorities, disciplinary actions, compliance risk trends as well as any other relevant findings or reports.
• Developing and writing offer documents and fund company operational processes.
• Monitoring the fund company / asset managing activities from a both a compliance and security law perspective on a daily / weekly / monthly basis.
• Remaining in contact and developing ongoing relationships with the MSC and OSC as our principles.
• Performing other duties as assigned.

The ideal candidate will possess :

• A bachelor’s degree in business administration, accounting, finance, or similar field of study; advanced degree preferred.
• A minimum of 15 years’ experience in regulatory compliance or related function.
• 5 years’ experience in a leadership capacity within a fund company supervision role.
• Successful completion of the Officers Partners Directors course and other relevant industry courses
• Completion of CPA certification is a strong asset.
• Working knowledge of both provincial and national securities laws, and other pertinent securities laws and regulations.
• Experience with Canadian regulators, particularly the Canadian Securities Administrators ( CSA ) and OSC.
• Proficiency with the MSOffice suite, including Word, Excel, Powerpoint, Teams, and Outlook.
• 10+ years’ financial services industry experience working in a high growth environment.
• Ability to work in a complex, geographically dispersed organization that requires collaboration with subject matter experts and business unit / solution line legal and compliance resources.
• Adaptability to change culture and management.
• Senior leadership capability and ability to provide effective oversight.
• Exceptional organizational and writing skills.
• A proven ability to multi-task and work both independently and as a team player in a fast-paced, demanding environment.
• Strong service orientation and ability to establish and maintain working relationships with peers, business units, leaders, a wide array of associates, and clients, while maintaining a strong compliance culture.
• Ability to exercise the highest ethical standards and prudent, risk-based business decision making.
• Ability to understand complex regulatory requirements and create effective compliance programs that are responsive to business needs.

Conditions of employment :

• Must be legally eligible to work in Canada.
• Must be able to travel within Canada (if in Winnipeg, 0-3% of the time; if in Toronto, 0-5% of the time).
• A background check, satisfactory to the employer, may be required of the successful applicant prior to commencing employment.

Wellington-Altus Private Wealth is strongly committed to equity and diversity within its community and welcomes applications from women, racialized persons, Indigenous peoples, persons with disabilities, and persons of all sexual orientations and genders.

All qualified individuals who would contribute to the further diversification of our organization are encouraged to apply.

If you require accommodation for the recruitment process, please let us know at the point of application.

To apply :